Oil stocks are the new FAANGs

Many investors, including Warren Buffett, are betting that higher crude oil prices are here to stay for a while. It’s a good wager, thanks to the spike in oil prices from about $75 a barrel at the end of last year to above $100 now. Nearly all of the top performers in the S&P 500 this year are energy stocks.

(SOURCE) https://www.cnn.com/2022/05/10/investing/oil-energy-stocks/index.html

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